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(Hosting-NewsWire.com, June 13, 2018 ) Smart Fleet Management Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. Smart Fleet Management Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
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This report provides in depth study of “Smart Fleet Management Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Licorice Candy Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
This report has a complete understanding of market value and quantity, technological progress, macro-economic and governmental policy based on past and present data along with the current and upcoming trends in the market.
This report provides valuable information for companies like manufacturers, suppliers, distributors, traders, customers, investors and individuals who have interests in this industry.
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The global market for smart fleet management has been witnessing significant growth in recent times. The growing vehicle production, across the globe can be attributed as a key driver for the market. Smart fleet management, is a system through which operators keep track of variable factors such as fuel consumption, maintenance and route management. Smart fleet management systems provide a dedicated server for fleet data and security in a single system, which enable operators to analyze and make informed and cost effective decisions or enhance safety. In addition, stringent regulatory norms, especially in Europe, have fueled the growth of the market. Reduction in transportation cost and operating cost, has come forth as a major trend in the automotive industry, which is an encouraging factor for the players in the smart fleet management market.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Smart Fleet Management Market Research Report - Forecast to 2023”.
Global Smart Fleet Management Market:
The growth of the Asia Pacific region can be attributed to the increase in adoption of passenger cars. This is expected to the increase adoption of smart fleet management in the passenger cars. The recent shift in the preference from mileage to looks and features, is also expected to result in high demand of smart fleet management systems. The global smart fleet management market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. The demand for smart fleet management is largely dependent on vehicle production in developing countries such as India and China. The growth in vehicle production, which would also push the demand for smart fleet management.
The key players of global smart fleet management market are Harman International Industries, Inc., Robert Bosch GmbH., Siemens AG, Denso Corporation, IBM Corporation, Continental AG, Cisco Systems, Inc., Sierra Wireless, Inc., Calamp Corp., OTTO Marine Ltd., Precious Shipping Co. Ltd., and Globecomm Systems, Inc. In 2016, these companies accounted for a share of XX% of the global market.
Market Research Analysis:
The market for smart fleet management is expected to grow with an increase in demand for automobile, majorly in the United States. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles, there is a subsequent increase in demand for smart fleet management market. The growth of North America market is also driven by the adoption of converted mobile homes in the U.S. Existence of major manufacturers in this region combined with availability of sophisticated technologies, enables the smart fleet management market to flourish in this region. North America is a mature economy as far as investment in automotive industry is concerned. Automotive industry is expecting huge investment by several giants due to the rising demand for passenger cars.
Industry/ Innovation/ Related News:
March, 2018 – Siemens recently announced about US R&D investment which is likely to be increased by $175 million year after year to $1.3 Billion in 2017 – a straight 16% increase from the previous baseline. In Chicago, Siemens is planning to invest close to $13 million on a yearly basis in a brand new R&D unit which will be focussing purely on cloud computing to support the management and automation of the other related business activities. Globally, Siemens said it plans to increase its R&D expense in 2018 and will invest additionally $600 million increasing R&D budget from $6 billion in 2017 to $7 billion in 2018
March, 2018 – The local unit of German engineering giant Bosch will start building a new transport R&D center in Budapest in the summer, business daily Világgazdaság reported on Thursday. The center will include a 10,000 square-meter test track suitable for testing self-driving vehicles. Robert Bosch Kft. will build the Campus II center over three years on a 60,000 sqm plot close to its existing Budapest Development Center in District 10 of the capital, essentially doubling the area of the facility including the necessary infrastructure developments and employing 5000 engineers.
Smart Fleet Management Market – Segmentation
The Global Smart Fleet Management Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Transportation : Comprises Automotive, Rolling Stock, Marine.
Segmentation by Hardware : Comprises Tracking, Optimization, ADAS, and Diagnostic.
Segmentation by Solution : Comprises of Tracking & Optimization.
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
broad study of the different market segments and regions.
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